$45,000
↑ $7K (18.4%)
●
Land -
For Sale
1165 Townsend Road
Raeford, NC 28376
Studio
0 Bath
$221
Est. Monthly
About This Property
Exceptional opportunity to own a 0.50-acre homesite in one of
Raeford's fastest-growing areas - now offered at just $50,000. This
spacious lot provides the perfect canvas for a custom-built home in
a quiet, refined setting while still being conveniently located
near shopping, dining, and major routes. With continued development
and quality construction in the surrounding area, this is a rare
chance to secure land at an attractive price point before values
continue to rise. Build now or hold as a smart investment -
opportunities like this at $50K are becoming harder to find.
Unit Size
-
Days on Market
253 days
Land Size
0.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (TMLS #LP757858)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 2, 2026 | Price Increased |
$45,000
↑ $7K
(18.4%) | |
| Price Increased | |||
| Jun 26, 2026 | Price Decreased |
$38,000
↓ $7K
(15.6%) | |
| Price Decreased | |||
| May 18, 2026 | Price Decreased |
$45,000
↓ $5K
(10%) | |
| Price Decreased | |||
| Feb 24, 2026 | Listed by LPT REALTY LLC | $50,000 | |
| Listed by LPT REALTY LLC | |||
| Oct 3, 2023 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Exterior Details
Lot Features: Cleared, Partially Cleared
Lot Size Area: 0.5
Lot Size Units: Acres
Lot Size Acres: 0.5
Lot Size Square Feet: 21605.76
Water Source: Other
Utilities Details
Sewer : None
Comparables
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Status
Status
Type
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Baths
ft²
Price/ft²
Price/ft²
Asking Price
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Hoke
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Listed by: DARK HORSE GROUP POWERED BY LPT REALTY, LPT REALTY LLC
Last Updated: 3 months ago
Data Source: TMLS, MLS# LP757858
Last Updated: 3 months ago
Data Source: TMLS, MLS# LP757858
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